BOA Disburses N2.4bn Loan to Farmers

Bank of Agriculture (BOA) Managing Director, Dr Kabiru Adamu, has revealed during a visit to Niger State Governor, Abubakar Bello that the BOA had disbursed N2.4 billion loan to farmers participating in the Central Bank of Nigeria’s (CBN) Anchor Borrowers’ Programme (ABP) in Niger. Adamu noted that this was part of the federal government’s determination…”

Bank of Agriculture (BOA) Managing Director, Dr Kabiru Adamu, has revealed during a visit to Niger State Governor, Abubakar Bello that the BOA had disbursed N2.4 billion loan to farmers participating in the Central Bank of Nigeria’s (CBN) Anchor Borrowers’ Programme (ABP) in Niger.

Adamu noted that this was part of the federal government’s determination to to revive the nation’s agriculture sector and other Small and Medium Enterprises (SMEs) that would benefit from the loans. He siad “The BOA has disbursed a total of N2.4 billion loan in Niger through its operations in Minna, Kontagora and New-Bussa.

“We are honoured to notify you of the bank’s interest to strengthen the relationship existing between our two organisations.

“Beyond the ABP, we want to collaborate with your government to cover more grounds of mutual benefit.

“We want to lend our support by partnering with your government in ways that will help modernise agricultural practices…

“If you can make available your areas of intervention within few weeks, we will partner with you in developing our agricultural sector,’’ he said.